Description
The property consists of one street level "Discount-Market", two one-bedroom one bath apartments and a single two-bedroom unit. The property is separately metered for gas & electricity and has individual hot water heaters for each unit. Current rents are well below market, offering fortuitous buyers approximately 136% upside in rental income. Carrying-out interior renovations and upgrading the exterior facade of the property offers returns rarely seen in current market conditions. Proforma Cap Rate of 10.76%!
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
The property consists of one street level "Discount-Market", two one-bedroom one bath apartments and a single two-bedroom unit. The property is separately metered for gas & electricity and has individual hot water heaters for each unit. Current rents are well below market, offering fortuitous buyers approximately 136% upside in rental income. Carrying-out interior renovations and upgrading the exterior facade of the property offers returns rarely seen in current market conditions. Proforma Cap Rate of 10.76%!
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-12T00:30:50.53. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.